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PTA & MEG prices surge in Southeast Asia
12
Oct '12
Paraxylene (PX) prices surged in the Asian region. In S E Asian region, PX prices increased in the range of US$ 1565/ton to US$ 1570/ton. In F E Asian market, PX prices were assessed at US$ 1560/ton. Prices of PX imported from Taiwanese market went up and were offered in the range of US$ 1545/ton to US$ 1550/ton.     
 
PTA prices increased in Asian markets. In S E Asian market, PTA prices surged in the range of US$ 1110/ton to US$ 1115/ton. In F E Asian market, PTA prices were assessed at US$ 1110/ton. Prices of PTA imported from Taiwanese market went up in the range of US$ 1095/ton to US$ 1100/ton. In the Chinese domestic market, PTA prices surged in the range of RMB 8450/ton to RMB 8500/ton.
 
Ethylene prices remained unchanged in the Asian region. In S E Asian market, Ethylene prices stayed stable in the range of US$ 1370/ton to US$ 1375/ton. In F E Asian region, Ethylene prices were assessed at US$ 1275/ton. In the US market, Ethylene prices declined in the range of 56.00 cents/pound to 56.50 cents/pound. Ethylene prices remained stable in European international market at US$ 1410/ton, and surged in domestic market to € 1215/ton.    
 
MEG prices increased in Asian markets. In S E Asian region, MEG prices surged and were offered at US$ 1120/ton. In China market, MEG prices went up in the range of US$ 1115/ton to US$ 1120/ton. In the Chinese domestic market, MEG prices increased in the range of RMB 8375/ton to RMB 8425/ton. 
 
In S E Asian region, BG PET Chips prices stayed stable in the range of US$ 1420/ton to US$ 1450/ton and some deals were discussed in the range of US$ 1410/ton to US$ 1430/ton. In F E Asian market, selling offers were assessed in the range US$ 1390/ton to US$ 1420/ton. In the Chinese market, BG PET Chips prices went down to RMB 10475/ton.    
 
In Korean market, FG PET Chips prices were unchanged in the range of US$ 1290/ton to US$ 1330/ton. In Indian market, FOB based prices were assessed in the range of US$ 1320/ton to US$ 1360/ton. In the Chinese market, FG PET Chips prices surged and were quoted in the range of RMB 10375/ton to RMB 10425/ton. 
 
PSF prices surged in Asian markets. In F E Asian market, PSF prices were offered at US$ 1585/ton. In S E Asian market, PSF selling offers were quoted at US$ 1485/ton. In the Chinese domestic market, PSF prices were steady in the range of RMB 10975/ton to RMB 11025/ton.  
 
In the Chinese domestic market, Polyester POY, DTY and FDY prices kept unchanged and were assessed at RMB 11350/ton, RMB 12700/ton and RMB 11250/ton, respectively. In export market, offers for POY, DTY and FDY remained stable and were offered at US$ 1530/ton, US$ 1710/ton and US$ 1500/ton, respectively.
 
Click here to view and comparedaily price trends.
 

Fibre2fashion News Desk - India

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